US — Michigan-based international food safety company NEOGEN Corporation has acquired Ireland-based Megazyme, Ltd. — a major supplier of analytical solutions used by quality control laboratories in the global food and beverage industries.
Founded in 1988, Megazyme has been developing and refining analytical methods used to measure the carbohydrates and enzymes in grain and cereal products that affect quality.
The company later expanded its scope to cover the wine, dairy and food industries, and has overtime gained worldwide acclaim for its genuinely innovative methodologies and exceptional component purity.
With the acquisition, Megazyme becomes part of the larger NEOGEN family and will continue to operate as a standalone business, managed through NEOGEN’s European operations in Scotland.
Dr. Barry McCleary, Megazyme’s co-founder will also continue to be a strategic advisor to NEOGEN in the area of food quality diagnostics.
“The addition of Megazyme to the global NEOGEN business will strengthen our relationships with the largest food producers and those companies that are aligned with our mission of food security and quality,” said Dr. Jason Lilly, NEOGEN’s vice president of international business.
According to Doug Hopek, NEOGEN’s senior director and head of corporate development, the acquisition of Megazyme provides a natural and complementary expansion of NEOGEN’s food diagnostics portfolio.
Dr. Lily on his part expects that the integration of the Megazyme product line into NEOGEN’s traditional food safety products will allow NEOGEN to expand commercial relationships across food companies.
“After more than 30 years of building Megazyme to a leading food diagnostics company, I’m very pleased to see the company becoming a part of NEOGEN’s comprehensive solution for food security and quality,” said Dr. Barry McCleary.
“I am honored to be part of such a great company and look forward to working with NEOGEN to develop and market new and innovative dietary fiber and carbohydrate analysis products and solutions.”
As a company, Megazyme is recognized as one of Europe’s most dynamic and innovative life sciences businesses.
Megazyme won the 2016 Irish Times Innovation Award in the Life Sciences and Healthcare category.
The company also represented Ireland in the European Business Awards in 2017 and 2018 and was named “Food Laboratory of the Year” in the Irish Laboratory Awards, 2020.
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